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Technology Stocks : PTC -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (3073)	1/4/2000 12:53:00 PM
From: Andre Daedone	Read Replies (1) \| Respond to of 3646

Don't you think income warnings from the company last night at 8:11PM had anything to do with the opening of the stock. 12% less than expected...?

To: JDN who wrote (3073)	1/4/2000 5:54:00 PM
From: Bob Howarth	Read Replies (3) \| Respond to of 3646

JDN: I think this interest rate thing is a smoke screen for the events of November/December: namely, the FED opened the spigots for Y2K liquidity insurance to the money center banks and brokerages who, as good old speculators, loaned the money to the highly leveraged hedge funds at 20:1 or so, who levitated the NASDAQ (including PMTC)and everything else they could buy on margin. Now, the FED takes back the money, the leverage gets reduced, and the NASDAQ returns back a bit, say another 10 - 20%. Laslo must have figured this out, so he could say what he did about a sell-off. Too bad CNBC simply ignored the whole thing for two months instead of pointing out what was going on. Such a news story / reporting would have halted the froth before it got so far. They never even had a clue! Old Greenspan sure loves to play the horses!